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Top Penny Stocks List and Weekly Update

OTCs are hot again, thankfully. That means they can run for several days. AND they’re crashing nicely, too.

I’ve been traveling to work on Karmagawa’s next documentary. Which means limited time and mental capital for trading. So I’m being extra sniper-like right now.

I see too many newbies buying random price action. Studying history really pays off, as you’ll see with the first stock on this week’s watchlist. Always remember former runners and price action.

Let’s start with this week’s watchlist…

Top Penny Stocks List: June 28, 2021

These are the OTCs I’m watching this week…

And these are some of the listed stocks I’m watching…

3 Penny Stocks to Watch This Week

If you’re new to penny stocks, check out my FREE penny stock guide. New or experienced, study the first stock below. It’s a great example of near-perfect hyped news. Study the chart in different time frames, too as it was a runner in 2018.

Western Sierra Resource Corp. (OTCPK: WSRC)

Historically, Western Sierra Resource Corporation is a gold and silver mining company. In 2014 it expanded into industrial hemp production.

On June 22, the company announced it had entered talks to acquire a majority stake in Silver State Mining Group.

“In addition to gold and silver, the enhanced recovery system assays have indicated platinum, palladium and rhodium. WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively. We look forward to providing further details and timely updates on the company’s progress.”

Read the full press release here.

Check out the WSRC one-year chart…

StocksToTrade Breaking News alerted the WSRC news when it was trading at 5 cents a share. It went on to nearly quintuple, closing up 841% on the day. (Past performance is not indicative of future returns.) The following day it looked like WSRC would be a one-day spiker…

But on Thursday it ran 101%. Then it had a classic morning panic on Friday. WSRC has proved it can both breakout and bounce. I traded it several times last week. (See my trade review below.)

I’ll keep watching for potential dip buys into any big morning panic. It’s tough to chase something that’s up so much.

Lightwave Logic, Inc. (OTCQX: LWLG)

LWLG was on watch last week, too. Lightwave Logic is a tech company focused on faster internet. Its technology converts electrical signals to optical signals allowing faster data transmission.

After consolidating for a couple of days, LWLG had a strong continuation on Wednesday. On June 24, Lightwave announced a new patent…

CEO Dr. Michael Lebby said, “We are pleased to receive yet another powerful patent, providing us with significant freedom of manufacturing and positioning us for efficient, mass-volume commercialization of our technology with large foundries. The patent emphasizes our technology platform using fabrication techniques that would naturally fit into foundry PDKs (process development kits).”

Read the full press release here.

Here’s the LWLG one-year chart…

LWLG’s price action has been very impressive. It’s now long overdue for a giant morning panic. I’m watching and waiting as it could happen today or tomorrow.

Cybernetic Technologies Ltd — formerly HPIL Holding (OTCPK: HPIL)

Cybernetic Technologies is a “worldwide diversified company developing projects with cutting edge technology.” Gotta love penny stocks…

HPIL is ‘Dark or Defunct’ on OTC markets. In 2019, it submitted a termination of registration. 2021 announcements include reorganization, a name change, and plans to regain current status.

On June 15, the company announced it was launching a new company called Apogee Dynamics Ltd. On June 22, the company announced plans to develop its own electric auto, the APOGEE D7…

CEO Stephen Brown said, “The plan for the new Apogee D7 is a 4 seater vehicle that will not only use the new Apogee powertrain, it will have up to 10 partners all utilizing their DISRUPTIVE business models from Technology, Green, Materials and Media that will challenge the future of the auto industry as it is known today. All partners will have their imprint on the vehicle and will be an instrumental part of its functionality. We look to have the Apogee D7 website up within the next 45 days.” Read the full press release here.

Here’s the HPIL one-year chart…

HPIL started the year trading at $0.0003. Even though it’s still trading under a penny, the stock is up roughly 2,500% on the year. Last week it had a 196% move before pulling back to close the week up 185%.

I’m not a big fan of sub-penny stocks. They trade differently from bigger companies. HPIL is getting a ton of hype from Twitter promoters, but it’s up so much I won’t be too aggressive. It’s a potential buy into any big morning spike, ideally with big volume and a news catalyst.

HPIL has shown it can bounce on morning panics in the past, so I’ll watch for potential dip buys, too. But I’d love to see it run for several days first to be an ideal panic dip buy opportunity.

Trade Review

Let’s do something a little different this week. Below are my stats from last week’s trading. Remember to review your trades AND stats. They leave clues…

Trading Stats: Week of June 21, 2021

Last week I took 14 trades. The first three, all on June 21, were losses. I wasn’t feeling it so I put myself in time out. But I kept my losses small by following rule #1 — cut losses quickly.

That set me up to come back and have a solid week. Check it out…

  • Total Trades: 14
  • Wins: 10
  • Average Win: $1,275.40*
  • Losses: 4
  • Average Loss: -$264.75
  • Winning Percentage: 71.4%*
  • Average Dollar Gain: $835.36*
  • Average Percentage Gain: 9.16%

Here are more numbers to consider…

Even though I took 14 trades, I only traded seven stocks.

50% of my trades last week were on one stock — WSRC. (Thank you STT Breaking News!**)  It accounted for $9,045 of my $11,694 in wins last week.* See details of all my WSRC trades here.

There’s a lesson there. When a stock is volatile AND the pattern/price action fits your strategy, take advantage of it. I didn’t trade WSRC perfectly. I sold too soon almost every time. But it fit my indicators to a T.

Monday Motivation

You can achieve almost anything you dream of in life. But you have to dream big and then work HARD to turn your dreams into reality.

Too many people pay lip service to dreams, then quit at the first sign of failure. Every obstacle is part of your story. Do you really want this? Then think of the entire process as one big test. Seriously…

Consider every day a new test. “Oh, today I’m going to test studying for two hours. And I’m going to test watching for these patterns I keep hearing about.”

Then, at the end of the day, review your progress. How much did you study? What did you learn that you can use in the future? What could you do better tomorrow?

Maybe you only studied for one hour and learned one new trading term. So tomorrow, your goal is to study for 90 minutes and learn two new terms.

Test EVERYTHING. Including your learning process AND your trading strategy. Which leads to…

This Week’s Top Tested Trading Tip

I can’t encourage you enough to try different strategies and techniques. Find what works best for you. To maximize trading opportunities you need to test.

We’re all different. You might not like what I like, and that’s OK. Here’s an example…

Tim Grittani likes to cut losses intelligently. I teach to cut losses quickly. Neither is the one-and-only right way.

When Jack Kellogg first started trading, he wanted to be like Tim Grittani. So he tried cutting losses intelligently. It didn’t work for him so he switched to cutting losses quickly. Now, a few years later, Jack has a lot more experience and thousands of trades under his belt. He still mostly cuts losses quickly. But it depends on which setup he’s trading.

So the tip for this week is … test, test, and test some more.

Keep track of your data. Over time, you’ll find what works for you. But don’t get too attached. Remember, the market ebbs and flows. Inevitably, you’ll have to continue testing. It’s part of the game. Embrace it.

Trading Mentor Q&A

© Millionaire Media, LLC

This week’s question came up in my last Trading Challenge Q&A webinar…

“When buying or selling, are you usually going with the bid/ask price to get executed, or are you choosing the midpoint?”

Usually, I just buy on the ask. If it’s a big morning panic and I think it’s turning, I want to buy it on the ask. If it’s a morning spike and I think it’ll keep going, I just want to buy it. I don’t worry about a few cents per share. Or, in the case of super low-priced plays, a few 10ths of a cent per share.

Sometimes that means I miss a play or get a partial execution. That’s fine because there will always be another play.

Millionaire Mentor

A few weeks back I wasn’t feeling great so I decided to take a step back. I took a few days off trading. Some students wondered where I was and why I wasn’t trading. But keep things in perspective…

I’m having a record year. And I’m on track to nearly double my previous best year. (I’m SO grateful for the opportunities.)

watchlist banner

But I also know the market could shift at any time. History is my guide…

During my freshman year in college, I made nearly $1 million.* But it was pretty much all in the first four months of 2000. When the Nasdaq crashed, breakouts dried up. I was forced to learn short selling. And I lost roughly $10,000 the last eight months of the year.

You can read about my early trading career at NO-COST in my best-selling book, “An American Hedge Fund.”

Market momentum ebbs and flows. And we, as humans, also ebb and flow in terms of momentum…

Mindset Mastery

Last week I talked about time being democratic and that you have to make the most of it. But I also mentioned that if you push too hard, for too long, burnout is inevitable.

It’s very easy to fall into a routine where you think, “I need to push as hard as I can all the time.” That’s good up to a certain point. But once your mind starts fading, or your body signals for you to pull back a little, you gotta listen.

I know that’s tough for some people to understand. Especially if you’re committed to freedom. You want to study as much as possible and make as much money as possible.

But remember — we’re all human. We all make mistakes and sometimes we need a few days off. The most success you’ll have in trading is over time. So study hard and know when to back off.

Celebrating Three Years of Karmagawa

People sometimes ask, “Why Karmagawa?”

Before Karmagawa, I started the Timothy Sykes Foundation. While I’m proud of what we accomplished, it felt weird having my name on it. Enter my Karmagawa co-founder, world-class photographer Mat Abad.

When we decided to collaborate, we wanted the name of the charity to mean something.

Gawa means to do or to make in Tagalog. Karma is the result of a person’s actions, or destiny. It also breaks down into two parts: kar — to do, and ma — me. So karma is what you do to yourself. (Think ‘instant karma.’)

So Karmagawa means to make your own destiny. The more good deeds you do, the more positive your destiny.

Put it all together and you get our mission…

Again, thank you for your support! Together we CAN make the world a better place.

Trading Education

There is no easy button when it comes to trading. It’s not a get-rich-quick scheme. It takes effort, time, and dedication.

Experience has shown that traders with the most comprehensive education, combined with experience, do better over time. And that’s why we created the…

Trading Challenge

There’s so much to the Trading Challenge, from live trading webinars to DVD guides and video lessons. Add the Trading Challenge chat room and you have many different ways to learn.

**Apply For the Trading Challenge NOW**

Trading Challenge students also get access to my daily watchlist. All successful traders make their own watchlists. Studying mine (and those of other successful traders) is a good start, but you need to learn…

How to Create Your Own Penny Stock List

penny stocks list
© Millionaire Media, LLC

How Can You Create Your Own Watchlist?

To start, look for big percent gainers. For two decades, big percent gains have been my #1 criteria. After that, I look at trading volume and a catalyst or reason behind the price action. Read “Stock Watchlist Guide: Tips & Examples to Develop Your Own” for details about the entire process.

Should I Create a Watchlist Every Day?

All serious traders create a daily watchlist. If you’re serious about trading penny stocks, making a daily watchlist is essential.

Does Tim Sykes Provide a NO-COST Watchlist?

Yes. Subscribe to my weekly penny stock watchlists below.

How to Use the Top Penny Stocks List Weekly Update

When you read the weekly penny stock list (and the monthly watchlist), don’t think of them as hot picks. Frankly, sometimes they’ll be duds. That’s why it’s called a watchlist. Welcome to penny stocks.

👉🏼 SUBSCRIBE to my NO-COST weekly stock watchlist here.

It all starts with looking for big percent gainers. Try to figure out why I’ve put the stocks on my list. Study so you can help yourself become a self-sufficient trader. Only fools chase hot picks.

What do you think about this penny stocks list and weekly update? Comment below, I love to hear from all my readers! 

Disclaimer

*My trading results are not typical and do not reflect the experience of the majority of individuals in the Trading Challenge. From January 1, 2020, to December 31, 2020, typical users of the products and services offered by this website reported earning, on average, an estimated $49.91 in profit. This figure is taken from tracking user accounts on Profit.ly, a trading community platform. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose. I’ve also hired Tim G and Jack K. to help in my education business.

**I have a minority ownership stake in StockstoTrade.com.

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